Portfolio Building Block Launches Industrials, Banks and Staples ETFs

Portfolio Building Block ETFs has launched three sector funds. The Portfolio Building Block World Ex US Industrials ETF (PBWN) tracks the BITA Global Industrials ex US Select Index, a market-cap-weighted benchmark targeting developed-market companies outside the U.S. worth more than $10 billion and deriving at least 50% of revenue from the industrials value chain. Covering manufacturing, construction and industrial businesses, it aims to complement domestic holdings and reduce home-country concentration. The Portfolio Building Block US Banks ETF (PBUB) follows the BITA US Banking Select Index, targeting major U.S. banking and financial services companies with market capitalizations typically exceeding $10 billion. Its methodology selects and weights institutions based on size, liquidity and revenue exposure to core banking activities, including lending and deposit-taking. The Portfolio Building Block World Consumer Staples ETF (PBCS) tracks the BITA Global Consumer Staples Select Index, covering large- and mid-cap providers of food, beverages, personal care and household products worldwide. It focuses on everyday essentials that consumers continue purchasing across economic cycles, with rules governing constituent weighting and rebalancing.